SEBI Cancels Registration of Five Alternative Investment Funds (AIFs) for Non-Compliance; Takes Strict Action for Delayed Quarterly Reports
मुख्य बातें
- •SEBI cancelled the registration of five AIFs, including Exponential Innovation Fund, Florintree India Flexi Advantage Trust, Prime Realty Capital, Rudrabhishek Infrastructure Trust, and Victory Investment Fund.
- •The funds failed to submit quarterly reports for the quarters ending March, June, September, and December 2025, violating SEBI norms.
- •SEBI had issued a show-cause notice to these funds in April 2026 before taking action.
- •The decision aims to uphold transparency and discipline in the capital markets.
The Securities and Exchange Board of India (SEBI) has revoked the registration of five Alternative Investment Funds (AIFs) with immediate effect for violating regulatory norms. This decision follows repeated lapses by these funds in submitting their quarterly reports. According to SEBI, the funds failed to file mandatory quarterly activity reports (QAR) for the quarters ending March, June, September, and December 2025. Regulations require all registered AIFs to submit these reports on the SEBI Intermediary Portal within 15 days of each quarter’s end. Despite multiple warnings, the funds did not rectify their non-compliance, prompting SEBI to take strict action by cancelling their registrations.
